BTC has recovered to the $86,000 level. This is analyzed to be due to the anticipation of the first 'Virtual Asset Summit' to be held at the White House on the 7th. Cardano ADA, which US President Donald Trump mentioned pursuing strategic stockpiling, also rose nearly 12% compared to the previous day, showing strength.
According to the global virtual asset status tracking site CoinMarketCap on the 5th, the price of BTC was $86,875, up 0.82% from 24 hours ago as of 9:33 am that day. It had plunged to $81,000 in the early morning, but recovered some of the decline.
ETH, XRP, SOL, and ADA, which President Trump has designated as strategic stockpiling targets along with BTC, are also on the rise. In particular, ADA recorded $0.9397, up 11.77% from 24 hours ago, and is about to break the $1 mark.
The rebound in the virtual asset market today is analyzed to be influenced by the first virtual asset summit to be held at the White House on the 7th. President Trump is expected to give a speech at the event, raising expectations for the virtual asset market. The event will be hosted by David Sacks, the White House's AI and virtual asset policy director, and will be attended by major figures in the virtual asset industry, including Coinbase CEO Brian Armstrong and MicroStrategy Chairman Michael Saylor.
- Reporter Kim Jung-woo
- woo@sedaily.com
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